,.siiii:

THURSDAY, -

industry Drives Ahead In Canada liespite Dangers

ﬂy For-bu Rhoda. Canadian Preu Business Editor)

P70090713)’ or recession — than are the two contradictory themes heard at Canadian business gath-

‘orings today. with the prosperity

note loudest but with a rumbling "wait and see" in the backzround.

An observer finds it ditficult to be pessimistic as he listens to things like this:

The steel industry is producing twice as much as before the war ind still is faced with an almost insatiable demand.

Newsprint men. their all-time hixh production also unable to meet demand, plan to spend mil- liorio of dollars in rebabiiitaiion and expansion to make more coin- pleto use of forest wealth.

Lumber production is at a record end this industry, too. needs to spend largo sums in rehabilitation though worried about its export market.

011 wmomias. unable to supply hair would-be cuotomerl. are om- barked on plant exparslon costing millivis and are ciponrtg lcr new field‘...

Most industries tell a similar owry. Development programs for mines are forecast and there are long-term contracts for the yield at Canadian farms

Population gain is at its great-i

eat yearly rate since COiLiEClClEillOil and iiidust-‘v cspe-sially’ the for- wts, is crying for more men. There

are predictions that Canada may,-

lt length drive ahead through

immigration for the 115,000,000 or;

40.000000 population oftcn in" for her, and ibus bum! up a l market for her own goods.

Why Pcsaimism '.’

Where then do the pewimisisl

"coma in? tvfainigx they are afraid of collapse of the export trade, not

because oi’ lack oi need but:

through lfmiiilltj,’ of we viorld to buy; and also ibcv iear an infla- tion spiral which must wine to an 1nd

Canadians make more than .1 third of their individual lilﬁﬂiiilia £rom_the export trade and any

slowing up or that Mould be felt:

quickly, though iliere may still bc IUIlilJiClil. uiisafisfied demand iii.

iii-me to take rare of a temporary ,

drop. Some already see signs of a dry-

ing up iii demand from individual‘

Canadians who were short of near- ly €\'€l'_"tlliil{; at the wars end.

Others warn against punic-tliink- ‘

in; which could turn a dip into a major i'€i'(‘s.~l0ii or depression, and canton that business must be

rcadv to take minor set-backs in

stride.

Tliepe aie different \lL‘\.\'S on the ‘

increased pr: -c and page situa- tion. some sec :1 as another "boom aiid busi" inflation spiral wbilc

other; iliini. that 1f kept within. buuiiils it 1s Sililpi)‘ a new level’- oi IJFIUCS and wages svbicli is here,

tc slay.

Optimists and pessimists Qllkﬁ,

Express the iUlOlWlllg V18‘ s: Wartime lirihiis. formed when produchoii “iii; the main essential regardless of frost. and whereby good: were bought “here they

could l"? bad uiiil little consider-l

anon of price or illlﬂllll, must be

abandortcrl; Nil-pent a-onwpciiiiic‘

business methods must be restor- ed: a man must earn a jub to _hold ii.

Hopeful Thinking

Hopeful lblnklnz scrum. in lake!

this lino

All iorccails of rCiTbuiUil since the end of the ular have been wrong. Only a collapse of world trade will be able i0 slow riouii the expansion 011 wlilr-b Canadian economy ir. embarked,’ otherwise demand will voniiuue for a long time.

Higher prices and wages are itiil in sight but careful mzinaze-

merit can keep the inflation spin‘

Li. in control and slow ii. ll(i\\il t0 ‘a Ittie of equillln-ium; ibc azu- age wage or salary eurncr who with farmers comprise ibc bulk u.’ the Canadian population \\on't be satisfied unless he nets an in- creasing share of whzii ls DTOdilv- ed; this is possible and yiriv-es can still be kept within‘ control if management is efficient and if

Fiiviiii0$§0 0i0

APP

t. .91..

Takes issue With Patton’s Strategy

GAPETOWVN. South Atria. Oct. 28-(AP)_Gen. Sir Pruwis D0 Gulngand. war-time Chief of Sh!!! in Field Marshal Viscount Mont- gomery, said tonight that strategy prcpCtded by the late Gen. George s_ Patton, Jr, would have made the Second World War ‘more dif- iicult to win."

De Guingand math his stato- ment in t- mmenting on Patton's posthumous journal, published in part today. in which the United states Third Army Commander declared his advance in Aulust. .044. was delayed by failure in receive gasoline occasioned by “a change of plan by the liigh Com- mand. implemented, in my opin- ion. by Moni8°m8fY-"

Patton labeled this “the mo- mentous error of the war" and said that tho campaign would have been shortened and thous- ands of lives saved i! supply shortages bad not bolted his army's advance.

De Guipgand said:

“Ithink thatifhtlollllii

allowed to go rushing into Ger many on the axis proposed by him. a vi-ry awkward situation would have developed despite possible in- itial successes. Such a move. leav- iiiig very vulnerable ﬂankg would l not have shortened the war, but ‘would have made it more difficult i to win.“ De Gulngcnd said he did not lbclie\e Gen. Dwight D. Eisen- inn-er made any major change in .plans at Supreme Headquarters and that Patton was in error in assuming he had. .

"After the Fbilalse Gap every- ‘ cne not the viz-orig impression that

the Licrman Army ulas completely

broken." the General said. "Pat-

ton bad iliat impression. Even our

headquarters were somewhat over , optimistic. . ."

De Guingand said there was no doubt that Patton disliked Mont- 'g0me1§v personally.

‘ifﬂllegeiily Attacked By Union Members

MONTREAL, Oui. 28 - 1GP» - 'i‘li1'ec nicn who forcsook the ranks o_f ibc- United Puckinghouse Work- 1 crs of America (C.I.O,) io join an independent union formed at Wil- silie, Lid., charged toiluy that Union men were responsible for attacks on ilicir iiomcs last. night.

Adclard Augoi‘. 35, rcpori/"i he was boaicn lip by four men who came i0 his home. suffering a deep gash on his forehead that requir- cii morilrzil aiicniion. His wife, who irlod 1o defend him with a floor mop, was thrown io the ﬂoor but cscapcd inlury.

i-Irlnioml Roy, 34, said his home was broken into by unknown as- sailunls who fled when his wife screamed for help. Adonizis Cha- put reported that windows at his home were smashed by stones.

Jacques Czisgrain. regional dir- orior of the U.P.W.A.. comment- ing on ilie charges ihai. the ai- iavks uerc the Work oi Union men, denounced the violence and said ihr: ihrec raids were not or- ‘lzanized 111 any way by ilie Union HS a "sholc.

l UJNDON - ice» - Five fam- lous paval submarines, including I HMS. 'l'hrasbei' which sailors Ir-alled iho --v.c. Sub," are to be scrapped, ilic Admiralty announ- l mil. Tbc ollicrs arc Sturgeon, Tri- Idcnl, Trusty and Unruly.

libe individual worker gives his ibcst production. 1 Oibcrs hold that this ll wishful ‘thinking. . A repent monthly letter 0! the lRcyai Bank of Canada said: If “This country of all in the world lhHS iis chance to make good in i1: constructive efforts, and in this ,i-u1i1itry_ if anywhere on the globe '1.» opportunity; not alone because or the natural resources of which ve are too prone to boast. but because here of all places there is sane balanced way of life in ubich we may develop nature's- nnrl our own individual -—gifis. And as Canada develops so will all ner industries.

Special Dividend

NEW YBRK, Oct 2b‘ —-1AP)—- Ilhe giant of iilie steel imilietry, U. S. Steel Corp, today announced iis first special dividvnd since i929 and raised its common stock from $4 to $5 annual basis in an action which chairman Irving S. Olds said "i-eflects our confidence in the f1ii.- ure."

Today's declarations by the dir- ectors. $1.25 a share on conunon siook instcad cf the usual $1, plus tiil special ciiviC-cnd of T5 cents a share. brought totnl disbursements for 1947 io $5 a share.

1 ISLAND GROWN

LES

HAVE A FLAVOUR THAT

EQUALLED

CONSULT YOUR GROCER

For a

SPECIAL PRIDE IY Tili

HAMPER A

Olris. at a press conference, dea- cribed the action as evidence that "we don't feel that the early cle- pression scmc people liar» forecast l1:- us is likely i0 happen."

The Corporation I'f‘l)0l'l(3d ibc net income for the third i947 ltmrter of $158,735,082, equal to $2.4 I18 a share, compared with $133. .. 33.3. or $3.11 a share, in the similar period e year ago. The first iiinc months of i947 showed total net income of $97,316,461, or $9.01 a common share, against $57,487,804

‘or $4.43 a share last year, WhPli ' pperaiions were affected by strik-

STIITS in WI!‘ in 2 seconds

And the crowning jewels . . . . our exquisite artistically designed modern headwear for all tastes and needs. Set off your new wardrobe with a dramatic new model . . . beret, tricorne, dignified type or saucy design. The materials used will intrigue your fancy at sight

and the colours will appeal to your taste.

These are hats frankly designed for fiat- tery and the prices are surprisingly modest. You are invited to visit this department io- day. '

U

Moons a. Mason

CHARLOTTETOWN, P. E. I.

l l l

By HENRY IIARTZENBUSCII

SHANGHAI. Oci, 28 -- (Reut- m-si 'l‘\vo million Chinese are luring food shortages this year i-bivfly owing lo i'i'0]) fuilurc caus- cii lly rlroiiizliis and floods.

Cr-nirc of the acute famine cu is in _ southern Hunun prov ncc which was also the scene qf iasi. year's iimillli‘ and where about 1.1500000 people are in desperate lli‘(‘il of food. Oibcr hurd bit areal include northern Kvrnngsl, Kwang- iiing, |l0l'ii1\\'ESi(‘l'li Siiantuiig and ronlrnl ilonan.

Nevertheless. ibis year's pre- barn-sf. loud shoriage in Huiinn is uoi. so severe iis inst year's when an estimated 7,000,000 people were threatened Willi death as a result of lack of food. Official figures oi’ lost year's scarcity areas I11 Clilna sbotvnd a iotal of 2.000 square miics of food deficiency, compared with loss than 500 square miles ibis your.

in K-wangsi province, bordering on Hunmi, in ibe southern half of China, ihcrc are reported to he sunm 40,000 persons in need o! food and more tbnn 2.000 ions of rice have been rushed to the a!- [ecied areas. Future supplies are urgently needed.

The Chinese National Relief and Rehabilitation Administration is reported to have sent 10.000 lona of foodstuffs 1o ihcsc arcua o[ Kwangtung recently devastated by ihe worst flooding of the East. North, West and Pearl Rivers for 35 years.

Food Deficiency Rife

Relief simian‘ estimated that between 300.000 lﬂd 4001990 13"" sons in Shantung province are suffering from food deiflﬁienﬂy- Spring droughts are said to have destroyed lhc winter wheat crop

north of the Yellow River l0 that

ll. S. Steel Declares lLQQQLOOO Chinese aNow Facing‘ Famine

yields may amount to only halt ihc average harvest.

In Hanan. 300.900 needy persons’ have returned to reclaimed ureasl of the Yellow River and are de-j pcncient on imported food uniill crops are harvested in September. Crop conditions in other areas of Hanan province have been good this year, however, and a better than average winter wheat crop‘ line been harvested.

Agricultural reports from Ho- pr-b and Jebol provinces in North China, indicate that winter wheat} harvests are only 50 per cent oil normal as a result of severe droughts in April and May, which are also depleting other summer crops. Widespread famine condi- tions are not expected however.

Crop failure in the northeast. particularly in the province oi’ Antung. has resulted in food de- ficiencies in parts of four or five "Hslens," or districts, affecting a possible 100.000 people.

Distribution of foodstuﬂl be- fore the suspension of U.N.R.R.A. supplies was described as beinl diﬂicuit in the northeast because of increased military activiiiel.

l

Soothe Ilium vllili

llll g

“I! IGOIIIIQII *u

OCTOBER 30, 1947

m

Ilramatc

Fall and Winter Coats

Fashioned for the Fall = Winter season. Our smart coats, magically shaped with the new longer iinll ready for you to choose and wear with pleasure and assurance. Luxuriously fur-trimmed with Fox, P01‘- oian and Squirrel in sizes 11_to 50. Price range!

$53.55 l0 $115.50

Untrlmmod boxy and ﬁtted models m black m1 =11 shades, with and without hoods.

$111151» 545.1111 115 Breenilal Cilllil.

Ladies’ Wear Q9 Queen Street